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$160,000

1920 47th St, Lubbock, TX, 79412

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,077 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.56 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Microwave
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesFire Pit, Private Yard, Storage, Other
Lot Size8,613 sqft

Building Information

Year Built1955
Roof Type114
Garage Spaces286

Land Information

APNR134934
Lot Number120
SubdivisionRidge Crest
Land UseResidential
Legal DescriptionRIDGE CREST BLK 1 L 11
Census Tract002302
Assessed Land Value$20,000
Assessed Improvement Value$93,255
Assessment Year2025

About this property

Gorgeous hardwood floors. Beautifully updated kitchen and bathrooms. Relaxing deck overlooking a large fenced yard with a chicken coop, fire pit, workshop, and storage. Endless opportunities for an owner occupant, students, and/or investors. Well-loved and owned by one family for decades. The adorable property features 2-beds/1-bath home with a 1-bed/1-bath studio apartment with a kitchenette and separate entrance. The main residence features a generous living area, updated kitchen with butcher block countertops, casual and formal dining areas, breakfast/coffee/entertainment bar, a dreamy pantry, dishwasher, large bedrooms with plenty of closet space, updated bathroom with modern fixtures, convenient storage, and laundry room. Studio apartment features an updated bathroom with a tiled shower and outlets for a range and a fridge. Plenty of parking space under the carport and the driveway! Grow a garden, gather fresh eggs, sit around the fire pit, and enjoy the coffee on the deck! Located close to shopping, restaurants, TTU, and the medical district.

Investor Tools

$0Estimated Mortgage Balance
$113,255Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /month

Interested in this property?

Amy Baugh

Michelle Kauffman Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$214/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,004
$113,255
2025
$20,000
$93,255
$113,255
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,004
$113,255

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$113,255
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
15.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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